Cabinet approves policies for eight sectors ahead of Make In Odisha conclave

Published: 22nd November 2016 11:04 PM  |   Last Updated: 22nd November 2016 11:04 PM   |  A+A-

By Express News Service

BHUBANESWAR: Ahead of the Make-In-Odisha conclave to be held here from November 30, the state cabinet today approved policies in nine sectors to be announced during the mega event.

The crucial meeting of the cabinet presided over by chief minister Naveen Patnaik approved the Odisha Renewable Energy Policy-2016 to harness green and clean energy from natural resources which will be environment friendly and ensure energy security to the people.

Chief secretary AP Padhi told mediapersons that the state government will provide a corpus of Rs 250 crore, Rs 50 crore per year over a period of 5 years for creation of the Odisha Renewable Energy Development Fund to be utilised for development of infrastructure including transmission network, roads and training centres.

A target to achieve around 2750 MW of renewable energy from non-conventional sources by 2022 AD has been fixed by the state government. Green Energy Development Corporation Limited (GEDCOL) will be the nodal agency for all on-grid solar and hybrid power projects of IMW and above capacity.

A high powered committee will be set up under the chairmanship of the chief secretary for the implementation of the policy, monitoring of the renewable energy projects and other important matters
associated with the development of renewable energy in the state.

Under the MSME policy finalised by the cabinet, capital investment subsidy to new micro and small enterprises has been enhanced from 10% to 25% subject to a maximum of rupees one crore. Similarly,
capital investment subsidy for new micro and small enterprises owned by SC,ST, physically handicapped, women and technical degree/diploma holders has been enhanced from 12 to 30 percent subject to the upper limit of Rs 1.25 crore.

In order to support growth of micro and small enterprises in industrially backward districts of Kalahandi, Nuapada, Bolangir, Subarnapur, Koraput, Malkangiri, Rayagada, Nabarangpur, Gajapati and Mayurbhanj districts, 5 percent additional capital investment subsidy will be available.

Besides, the policy announces additional capital investment subsidy of 5 percent of capital investment made in plant and machinery with an upper limit of `10 lakh over the eligible limit for setting up enterprises in recycling of e-waste, hospital waste, construction and demolition waste.

The policy also announces provision of one time seed capital assistance equivalent to 10 percent of the team loan disbursed by financing banks/institutions subject to a maximum of `15 lakh.

The Odisha food processing policy proposes to set up mega/state food parks in Deogarh, Bhadrak, Bargarh, Nabarangpur, Sambalpur, Ganjam, Bolangir, Kandhamal and Kalahandi districts. The policy envisages capital investment subsidy at 25 percent with a maximum limit of `2 crore for setting up industries in general areas.

The capital investment subsidy to SC, ST and women entrepreneurs and those setting up a food processing unit in industrially backward districts will be 33 percent with an upper limit of `3 crore. Besides, the policy announces setting up of state of the art NABL accredited food testing laboratories at Cuttack, Berhampur and Bolangir.

At other places, these laboratories may be set up on the PPP mode, for which a capital investment subsidy of 25 percent subject to a maximum Rs 5 crore is admissible.

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